Bel Acquires Fibreco Limited

JERSEY CITY, N.J.--(BUSINESS WIRE)--
Bel Fuse Inc. (NASDAQ:BELFA) (NASDAQ:BELFB) announced today that
it has closed the acquisition of Fibreco Limited, Great Dunmow, England,
a supplier of expanded beam fiber optic components for applications in
military and broadcast communications and offshore energy exploration.
Terms of the acquisition were not disclosed.

"We expect the acquisition of Fibreco to be immediately accretive to
Bel's earnings," said Daniel Bernstein, Bel's President and CEO. "This
is the latest step in our strategy to focus on high value added,
non-commodity components. Fibreco, which had trailing twelve month
revenue of approximately $7 million, will join Gigacom Interconnect AB,
which we acquired in March 2012, as part of Bel's Cinch Connectors
business. Fibreco's fiber optic-based products complement Cinch's
copper-based products, increasing Cinch's reach into aerospace,
military, and industrial markets, while providing Fibreco with access to
well-established sales channels it had not previously explored. The
combination of Fibreco's broad range of expanded beam fiber-based
connector and cable products and Gigacom's expanded beam EBOSATM technology
creates an exciting new growth opportunity for our company."

Except for historical information contained in this press release,
the matters discussed in this press release (including the statements
regarding the impact of the acquisition on earnings and on the Company's
business and regarding growth opportunities) are forward looking
statements that involve risks and uncertainties.Among the
factors that could cause actual results to differ materially from such
statements are: the market concerns facing our customers; the continuing
viability of sectors that rely on our products; the effects of business
and economic conditions; capacity and supply constraints or
difficulties; product development, commercializing or technological
difficulties; the regulatory and trade environment; risks associated
with foreign currencies; uncertainties associated with legal
proceedings; the market's acceptance of the Company's new products and
competitive responses to those new products; the Company's ability to
integrate newly acquired businesses; and the risk factors detailed from
time to time in the Company's SEC reports.In light of the risks
and uncertainties, there can be no assurance that any forward-looking
statement will in fact prove to be correct. We undertake no obligation
to update or revise any forward-looking statements.